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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Brad Bolen who wrote (2120)8/17/1998 12:22:00 AM
From: Zardoz  Respond to of 2951
 
And HK doesn't have enough CASH for a defense. They may paint the markets, but you can't go against a trillion dollar currency market. The comments about hedge funds is relivant. The HSI showed a heavy short position being built. To keep the markets where they are, the HK peg will need to be moved.

But it may already be too late.


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